Vietnam-Indonesia bilateral trade expected to reach USD10 billion by 2018

Vietnam and Indonesia strive to raise bilateral trade turnover to USD10 billion by 2018, a totally feasible target when the two countries are active members of the ASEAN Economic Community.

This was affirmed by Mr. Jean Anes, Ho Chi Minh city Consul General of Indonesia in a meeting between Vietnamese and Indonesian enterprises on October 6th, in the southern hub.

Seaport is among the fields the Indonesian government wishes to invest in.

(Photo: dantri.com.vn)

He stressed that the governments of the two sides are trying to reduce tariff barriers and create a transparent investment climate and favorable trade for commodities and services of the two countries.

At the meeting, some Indonesian enterprises expressed their interest in investment activities, trade, service and commodity exports and imports in Vietnam.

Ms. Farah Ratnadewi Indriani - Deputy Chairwoman of Indonesia Investment Coordinating Board introduced potential fields the Indonesian Government wishes to invest in, including infrastructure, tourism, agriculture, seaport and mining.

Trade turnover between Vietnam and Indonesia amounted to USD3.5 billion in the first nine months of this year, a year-on-year rise of 6%./.

( Compiled by VNF )